Search Results for: Banking Industry

Bitcoin Mining Report Shows Network’s Emissions Account for 0.08% of the World’s CO2

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During the last year, Bitcoin — the cryptocurrency network that leverages proof-of-work (PoW) to process transactions and secure the protocol — has received a lot of criticism about its environmental impact. This week, the cryptocurrency firm Coinshares published a report that…

S&P Global Ratings Study Predicts Crypto and Decentralized Finance Will Continue to Grow in 2022.

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S&P Global, an intelligence and data company, suggests that crypto and decentralized finance trends will continue to gather steam in 2022. In its latest report, the company examines the current state of the market and notes that, while there are still…

Crypto Stamp Crashes Swiss Post’s Online Store With Launch Day Demand

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Unexpectedly high demand for Switzerland’s first crypto stamp has created headaches for the national postal service. Swiss Post announced it had to deal with technical issues when numerous orders hit its online shop all at once on the day the innovative…

BNY Mellon Urges Ireland to Adopt Crypto Rules Before EU Regulations, Report Reveals

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As authorities in the EU are still discussing union-wide cryptocurrency regulations, a major U.S. bank has reportedly lobbied the Irish government to adopt its own rules for the space. BNY Mellon launched its digital asset business in Ireland this year to…

Australia Needs Regulations to Facilitate Crypto Business, Senate Committee Reports

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A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to…

Estonia Considers Revoking Crypto Licenses as Government Mulls Tougher Regulations

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Authorities in Estonia are working on new legislation expected to stiffen the rules for the country’s cryptocurrency sector. The Baltic nation’s regulator for the industry is considering whether to revoke previously issued crypto licenses and restart authorization from scratch. Licensed Crypto…

Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

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Sri Lanka’s leading online retailer, Kapruka, has unveiled plans to introduce support for cryptocurrency payments. The news comes as the South Asian country intensifies efforts to adopt legislation tailored to regulate its blockchain space and attract investments from the crypto industry….

SEC Chair Gary Gensler Says Crypto Will ‘Not End Well’ if It Stays Outside Regulations

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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says that cryptocurrency “is not going to end well if it stays outside the regulatory space.” The SEC has been criticized for taking an enforcement-centric approach to regulating the…

Korean Government Says 28 Crypto Exchanges Have Met Regulatory Requirements to Continue Operations

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The deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. A total of 28 cryptocurrency exchanges have reportedly been cleared by the regulators to remain open. However, only four…